The Monetary Authority of Singapore (MAS) has granted Financial Technologies Group’s Singapore Mercantile Exchange (SMX) the final approval to operate as an international commodity and currency derivatives exchange.
SMX is a wholly-owned subsidiary of Financial Technologies Group. It will trade four products including gold futures contract with physical delivery, West Texas Intermediate (WTI) Crude Oil, Brent-Euro Crude Oil and Euro-US Dollar Futures Contracts.
SMX recently concluded market-wide testing of its electronic trading platform, risk management and clearing & settlement systems.
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